Life Skills I am going to share with you , some of the Life Skill techniques which can help you in achieving great results in every area of life. a) Sandwich Technique : Sandwich looks as well as tastes yummy right! So is the technique. This technique is about how to communicate your thoughts. This technique says suppose if you have: i. Two good news and one bad news : Then prefer saying one good news first then bad news then end again with good news, it will slightly reduce the impact of bad news and good news in the beginning and in ending will have the positive impact on listener. ii. Two bad news and one good news : Then Prefer ending the conversation with good news so that listener feels light at the end because if you are saying bad news in the end, his mind will have a lasting effect of bad news whereas if you say good news in the last then good news will have a lasting effect. iii. One bad and one good news : Then follow the same technique as mentioned
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Overdue and Out of Order Overdue: An account is said to be overdue, if the amount due to bank is not paid by borrower within due date as specified by bank. For E.g.: Borrower has taken CC Facility amounting to INR 10 lacs from XYZ Bank, on which interest of 12% p.a. is charged which is to be paid on 7 th of next month. i.e. Interest of INR (10,00,000*12%)/ 12 = 10000 per month charged for the month January’22 is required to be paid on or before February 7, 2022 ( due date decided by bank ). And if it is not paid till February 7, 2022 then account will be treated as an overdue account. Out of Order: An account is said to be Out of order in two scenarios If outstanding (o/s) balance remains continuously in excess of sanctioned limits/Drawing power: For e.g. If a borrower has sanctioned limit of INR 10 lacs, but his o/s balance is 10.35 lacs because interest is not paid on time, then this account will be treated as “Out of Order”. If o/s balance is within sanctioned limit but
Vipassana Meditation
Meditation What Meditation does to your mind? It makes you observant of your thoughts. Once you start meditating and makes it as a continuous practice, you will realize that your mind automatically become aware and observant of every thought which comes into your mind, no Matter how temporary is the feeling, which may not be the case when meditation was not part of your life. #vipassanameditation
Reserve Bank of India Guidelines on Current Account dated August 6, 2020 RBI has recently issued guidelines on opening of Current accounts with the banks. Before understanding the guidelines, let’s first understand what is Current account? Current account is such type of account which is mainly used by businessmen as this account facilitates higher number of routine business transactions. I. Basic Features of Current account · One of the most important feature of Current account is that it is “Interest Free” which means no interest is chargeable on neither deposit nor withdrawal of any amount of money from the Current account. · There is no limit on number of transactions in current account. II. Advantages of having current account · Any time withdrawal facility to meet the cash needs of the business. · Customized Current account variants are available basis type of entity/ business/ account holder. Fo
MSME As I work in finance industry, I thought of sharing and increase my knowledge in various sectors of Finance and its related fields. Hence to start with I come up with the idea to explore about MSME like what is MSME, what does it mean, what is the process of registering as an MSME, its benefit etc. So to begin with, let’s first understand, what is MSME? Full form of MSME is Micro, Small and Medium Enterprise which is governed by MSME Act, 2006. MSME units are regulated by the Ministry of Micro, Small and Medium Enterprises, which is a branch of Government of India whose job is to formulate and administrate rules, regulations and laws related to MSME enterprises in India. Currently i.e. as on September’20, Mr Nitin Gadkari is the minister of MSME . In which category a business unit is as per revised definition which came into effect from July 1, 2020 depends upon two factors, one is Investment in plant and Machinery and another is turnover achieved by the entity in previous year
Here it goes my New Bucket List 1) Wish to learn complete Yoga so as to utilize my full body potential.(Timeline: Before Dec 2020) 2) Wish to become a 100% self-driven personality, nil dependency on anyone in any area of life. (Timeline: Before March 2020) 3) Wish to meditate more and more and more. 4) Wish to read more and more, so that my mind gets filled with thoughts of wisdom. 5) Wish to write more, so that I can understand myself better with more clarity. 6) Wish to spend more time with self. 7) Wish to attend Vipassana at Myanmar. 8) Wish to explore LIFE and science of mind and matter. 9) Wish to gain MASTERY OVER MIND. 10) Wish to utilize every single second of my life in self exploration. 11) Wish to live every moment of life in Awareness, i.e. living only in present moment.
CONSUMER CIBIL REPORT As we know that one of the key parameters for any bank to evaluate a customer for the purpose of lending is CIBIL/ EXPERIAN/CRIF SCORE. Let us discuss about what is “CONSUMER CIBIL REPORT ”, how to read it and what information this report provides. CIBIL Report is generated on the basis of database maintained by CIBIL TRANSUNION Agency which gives information about an individual in terms of his borrowings like loan taken, loan start date, loan closure date, repayment tenure of the loan, whether there is any delay done in paying instalments (DPD’s), no of inquiries, nature of facility whether secured or unsecured, loan taken in individual or guarantor capacity and so on. We will here discuss major information provided by CIBIL in its report 1) Date of Generation of CIBIL Report : It is a very important factor. Never use any outdated CIBIL report. Always pull a fresh report as CIBIL has now started updating its data on daily basis 2) CI